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The 'going concern concept' is the underlying basis for:
1.stating fixed assets at their historical cost
2.disclosing the market value of securities
3.disclosing the sales and other operating information in
the income statement
4.none of the above

Question Posted / kasyap

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The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their ..

Answer / ashok

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The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their ..

Answer / Mohammad Ayub

1. stating fixed assets at their historical cost
2. disclosing the sales and other operating information in the income statement

Is This Answer Correct ?    0 Yes 0 No

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